Ryan acquires Ford site for $61 million, announces housing partners

Ryan acquires Ford site for $61 million, announces housing partners

Ryan acquires Ford site for $61 million, announces housing partners

DECEMBER 19, 2019
By: James Walsh, Star Tribune

Article Excerpt:

To the neighbors of St. Paul’s former Ford site, Ryan Cos.’ announcement Thursday that it has purchased the 122-acre parcel means that a decade of uncertainty is over and work on a much-anticipated modern urban village will finally begin.

“It’s a very exciting and rewarding day for the city of St. Paul and our neighborhood,” said City Council Member Chris Tolbert, who represents the area. “We have a local company that now owns the Ford site.”

It also means that for the first time in nearly a century, something other than cars or pickup trucks is going to be built on this site overlooking the Mississippi River. Work is expected to begin in the spring on a project to add 3,800 units of housing, 265,000 square feet of office space, 150,000 square feet of retail space and 55,000 square feet of civic or institutional space.

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